rating agency S&P Ratings This Friday, it maintained the B- note for Ukraine’s long-term debt, as well as the “CreditWatch” status, which foresees a possible drop in the future, due to the Russian invasion of the country.
“The CreditWatch statute indicates that we could lower the rating if the armed conflict significantly weakens the Ukrainian economy, its external liquidities, its financial system or the administrative capacity of the government,” S&P said in a statement.
However, the agency said it expected “that the government’s debt service and credit needs are fully covered by international financial support for at least the next 12 months.”
The agency downgraded Ukraine’s rating from B to B- on February 25, a day after the Russian invasion began, coupled with a negative outlook with the “CreditWatch” status, scheduled to last 90 days.